Not Logged In Log In   Sign Up   Points Leaders
Follow Us    1:48 PM

GasBuddy News Article

47
votes
Crude Extends Losses After Inventories Climb

Dow Jones Newswires --
Oil futures tumbled after a report on U.S. oil inventories showed stockpiles rose unexpectedly last week while gasoline demand fell sharply.

Light, sweet crude oil for July delivery fell $1.65, or 2%, to $82.38 a barrel on the New York Mercantile Exchange. With the July contract set to expire at the settlement Wednesday, August futures fell $1.74, or 2%, to $82.61 a barrel.

Brent crude oil on ICE Futures Europe fell $1.24, or 1.3%, to $94.52 a barrel.


Read the Full Article

Submitted Jun 21, 2012 By: RENEGADEGAS
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Crude Extends Losses After Inventories Climb Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
honda0105
Champion Author Tallahassee

Posts:23,412
Points:2,300,465
Joined:Nov 2008
Message Posted: Jun 24, 2012 6:52:40 AM

low crude prices mean also low overall global economic growth.
Profile Pic
sparky808
Champion Author Honolulu

Posts:5,652
Points:1,265,135
Joined:Sep 2011
Message Posted: Jun 22, 2012 11:37:47 AM

Thank you for posting.
Profile Pic
Ahking
Champion Author Orange County

Posts:3,618
Points:625,235
Joined:May 2011
Message Posted: Jun 21, 2012 10:11:41 PM

good
Profile Pic
Dodge_Me
Champion Author Atlanta

Posts:2,222
Points:1,084,940
Joined:Mar 2006
Message Posted: Jun 21, 2012 10:03:01 PM

Keep going down!
Profile Pic
aggietim
Champion Author Fort Worth

Posts:2,367
Points:1,219,930
Joined:Oct 2008
Message Posted: Jun 21, 2012 10:02:50 PM

good
Profile Pic
mrbee
Champion Author Little Rock

Posts:6,649
Points:3,154,205
Joined:Oct 2005
Message Posted: Jun 21, 2012 9:59:20 PM

About time
Profile Pic
dabbadu
Champion Author New York

Posts:1,056
Points:1,191,655
Joined:Feb 2011
Message Posted: Jun 21, 2012 9:58:07 PM

Great!
Profile Pic
Hangnail309
Champion Author Manitoba

Posts:8,829
Points:2,346,660
Joined:Aug 2006
Message Posted: Jun 21, 2012 9:57:55 PM

Ok, but not at the pump!
Profile Pic
jessek
Champion Author Detroit

Posts:2,657
Points:1,280,490
Joined:Sep 2008
Message Posted: Jun 21, 2012 9:56:57 PM

OK by me.
Profile Pic
menagerie1013
Champion Author San Diego

Posts:2,365
Points:1,233,790
Joined:Apr 2011
Message Posted: Jun 21, 2012 9:56:19 PM

I'm not gonna complain about lower gas prices.
Profile Pic
G.Lee
Champion Author Colorado Springs

Posts:22,963
Points:3,456,150
Joined:Sep 2003
Message Posted: Jun 21, 2012 9:54:13 PM

Ok
Profile Pic
Bezalel
Champion Author Oklahoma City

Posts:15,017
Points:2,978,235
Joined:Oct 2006
Message Posted: Jun 21, 2012 9:54:11 PM

"...gasoline demand fell sharply. "

Not at the pump.
Profile Pic
craigrm
Champion Author Connecticut

Posts:2,765
Points:1,167,310
Joined:Mar 2008
Message Posted: Jun 21, 2012 9:48:18 PM

Nobama.
Profile Pic
Spankster85
Champion Author Chicago

Posts:3,355
Points:981,660
Joined:Nov 2011
Message Posted: Jun 21, 2012 9:45:13 PM

Keep falling.
Profile Pic
69Bonne
Champion Author Gary

Posts:3,237
Points:1,000,200
Joined:Sep 2005
Message Posted: Jun 21, 2012 9:43:45 PM

Good.
Profile Pic
DrLyon
Champion Author Michigan

Posts:8,839
Points:1,838,740
Joined:May 2006
Message Posted: Jun 21, 2012 9:42:57 PM

Keep loosing...
Profile Pic
Yankee829
Champion Author Dallas

Posts:5,117
Points:1,248,270
Joined:Sep 2010
Message Posted: Jun 21, 2012 9:41:20 PM

Ok
Profile Pic
DustyHorse
Champion Author Virginia

Posts:8,896
Points:2,045,660
Joined:Oct 2008
Message Posted: Jun 21, 2012 9:38:54 PM

I guess someone figured they had better unload all of those tankers they were storing oil on before the price goes down further.
Profile Pic
WIPACKERFAN
Champion Author Chicago

Posts:11,684
Points:2,531,180
Joined:Aug 2005
Message Posted: Jun 21, 2012 9:36:23 PM

Keep it going down.
Profile Pic
yayap17
Rookie Author San Diego

Posts:33
Points:11,595
Joined:Jun 2012
Message Posted: Jun 21, 2012 9:35:00 PM

I hope they keep falling
Profile Pic
PizzaMon
Champion Author Philadelphia

Posts:6,824
Points:2,520,680
Joined:Jun 2006
Message Posted: Jun 21, 2012 9:28:25 PM

Bet some speculators are crying for a change.
Profile Pic
Zonk
Champion Author Michigan

Posts:9,338
Points:2,783,300
Joined:Oct 2005
Message Posted: Jun 21, 2012 9:26:45 PM

Let's hope this trend continues.
Profile Pic
nru
Champion Author Twin Cities

Posts:6,294
Points:1,671,825
Joined:Feb 2006
Message Posted: Jun 21, 2012 9:22:35 PM

let's hope prices go below $30/barrel - drop like a rock
Profile Pic
blah2blah3
Champion Author Houston

Posts:5,448
Points:1,288,650
Joined:May 2011
Message Posted: Jun 21, 2012 9:22:27 PM

ok
Profile Pic
jpj23
Champion Author Los Angeles

Posts:7,339
Points:1,499,950
Joined:Jul 2008
Message Posted: Jun 21, 2012 9:21:30 PM

I do hope that a lot of speculators lose their shirts on this reversal.
Profile Pic
skyking19
Champion Author Little Rock

Posts:2,733
Points:2,204,735
Joined:Jan 2007
Message Posted: Jun 21, 2012 9:18:28 PM

Come on down!
Profile Pic
DABEE1073
Champion Author San Diego

Posts:11,315
Points:2,261,875
Joined:Jun 2008
Message Posted: Jun 21, 2012 9:16:07 PM

LET CRUDE OIL FALL TO $25 A BARREL. A MORE REALISTIC PRICE.
Profile Pic
carpenter4u
Champion Author Virginia

Posts:3,588
Points:1,212,045
Joined:Jul 2011
Message Posted: Jun 21, 2012 9:07:20 PM

glad I don't own oil futures at this time
Profile Pic
OGW
Champion Author London

Posts:7,115
Points:2,129,765
Joined:Sep 2005
Message Posted: Jun 21, 2012 9:04:03 PM

High inventories and low prices sound good to me.
Profile Pic
Mowerman08
Champion Author Milwaukee

Posts:7,427
Points:1,879,185
Joined:Aug 2008
Message Posted: Jun 21, 2012 8:57:50 PM

$35 would be a good goal!
Profile Pic
FuelOilOH
Champion Author Cleveland

Posts:2,861
Points:1,222,605
Joined:Oct 2007
Message Posted: Jun 21, 2012 8:55:25 PM

Time to get more gas cans.
Profile Pic
judgemobile
Champion Author Ohio

Posts:10,461
Points:3,135,535
Joined:Nov 2005
Message Posted: Jun 21, 2012 8:55:01 PM

retail pump prices SHOULD BE under $ 3.00, but greedy station owners want that extra money of they can get it.
Profile Pic
isis1812
Veteran Author West Virginia

Posts:367
Points:211,365
Joined:Mar 2012
Message Posted: Jun 21, 2012 8:54:31 PM

Ok
Profile Pic
txkrb
Champion Author Texas

Posts:2,688
Points:1,253,745
Joined:May 2011
Message Posted: Jun 21, 2012 8:48:44 PM

Down another $3 to $78.20 today
Wholesale price of gas dropped to $2.55 lowest since December
If it does not jump back up in the next day or so we should see gas prices down almost .10
Profile Pic
24541
Champion Author Virginia

Posts:1,205
Points:1,901,135
Joined:Mar 2004
Message Posted: Jun 21, 2012 8:47:32 PM

Good deasl
Profile Pic
grn7stars
Rookie Author Washington

Posts:41
Points:410,625
Joined:Jun 2012
Message Posted: Jun 21, 2012 8:45:42 PM

ok
Profile Pic
kishoreCA
Champion Author Ventura

Posts:6,712
Points:1,057,490
Joined:Mar 2012
Message Posted: Jun 21, 2012 8:45:27 PM

good
Profile Pic
Piniewoods
All-Star Author Jacksonville

Posts:894
Points:483,880
Joined:Aug 2005
Message Posted: Jun 21, 2012 8:43:54 PM

Fall baby fall!
Profile Pic
drz614
Champion Author Harrisburg

Posts:5,222
Points:1,288,890
Joined:Aug 2011
Message Posted: Jun 21, 2012 8:43:40 PM

today it ended below 80. didn't c any drop at the pump.
Profile Pic
carman11
Champion Author North Carolina

Posts:6,332
Points:1,382,225
Joined:Jun 2011
Message Posted: Jun 21, 2012 8:41:16 PM

ok
Profile Pic
rampower80
Champion Author Kentucky

Posts:4,816
Points:1,147,050
Joined:Jan 2012
Message Posted: Jun 21, 2012 8:34:18 PM

Good news!
Profile Pic
Is246
Champion Author Albuquerque

Posts:1,117
Points:826,845
Joined:Apr 2011
Message Posted: Jun 21, 2012 8:31:50 PM

The lower the better.
Profile Pic
DTrainCanada
Champion Author Saskatoon

Posts:4,285
Points:2,100,325
Joined:Aug 2005
Message Posted: Jun 21, 2012 8:29:00 PM

$80/barrel is about right ...
Profile Pic
ByGuy
Champion Author Dallas

Posts:10,568
Points:2,363,300
Joined:Nov 2005
Message Posted: Jun 21, 2012 8:25:59 PM

It is finally going in right direction.
Profile Pic
feistyfella
All-Star Author Detroit

Posts:946
Points:656,820
Joined:Jun 2010
Message Posted: Jun 21, 2012 8:24:54 PM

ICE
Profile Pic
fenster66
Champion Author Pittsburgh

Posts:6,248
Points:1,365,370
Joined:May 2011
Message Posted: Jun 21, 2012 8:24:13 PM

keep it down, now...
Profile Pic
RUNNINONEMPTYFL
Champion Author Florida

Posts:1,463
Points:522,100
Joined:May 2011
Message Posted: Jun 21, 2012 8:21:48 PM

Here we go again...
Profile Pic
ericbcire
Champion Author Nevada

Posts:7,388
Points:1,954,160
Joined:Aug 2009
Message Posted: Jun 21, 2012 8:18:39 PM

Prices must drop further or the economy will worsen.
Profile Pic
IUVidiot
Champion Author Indiana

Posts:6,486
Points:1,398,385
Joined:Jun 2011
Message Posted: Jun 21, 2012 8:16:08 PM

ok
Profile Pic
bbreff
Champion Author Atlanta

Posts:12,699
Points:3,251,105
Joined:Jun 2005
Message Posted: Jun 21, 2012 8:14:50 PM



OK

Profile Pic
MG_Sputnik
Champion Author Philadelphia

Posts:10,020
Points:2,643,045
Joined:Apr 2006
Message Posted: Jun 21, 2012 8:13:35 PM

They'll just make a gazillion dollars instead of a kachillion dollars. Boo hoo.
Post a reply Back to Topics